June 6, 2023

Cocoabar21 Clinton

Truly Business

Erie Insurance coverage investment decision offers $1 million strengthen to Details Innovations

4 min read

Details Inventions, an Erie company launched in 2014, is a small enterprise with an bold mission — to enable mid-measurement companies all around the earth acquire, approach and act on production data from their machines.

The goal is to use that information to boost efficiency, said Clement, a native of Dunkirk, New York, who has a degree in chemical engineering.

Clement said his business, which was launched out of Gannon University’s Little Organization Enhancement Center and is primarily based now in Erie’s Renaissance Centre, has gained buyers across the state, starting with Industrial Gross sales and Production in Millcreek.

Now, Details Innovations has received the focus of a new investor.

Section of the Opportunity Zone expense fund

Duane Clement and Lisa Bruno are shown, Feb. 5, 2020, at Industrial Sales and Manufacturing in Millcreek Township. The software shown on the screen behind them was developed by Clement's Erie-based company, Data Inventions. Bruno is the information technology project leader at ISM. Erie Insurance is reaching into its Opportunity Zone investment fund to invest $1 million in Data Inventions.

Erie Insurance policies has introduced that it will devote $1 million in the organization by means of Its Chance Zone investment decision fund. Chance Zones are federally specified low-earnings census tracts, wherever capital gains can be invested with exclusive tax strengths.

Erie Coverage, which announced the generation of a $50 million Opportunity Zone investment decision fund in August of 2019, has announced more than $35 million well worth of investments, including $6.5 million in the Erie Downtown Growth Corp.

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